Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$265,709$265,709$283,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$33,541$0
Funding fee$0$0$0
Note rate4.980%4.980%7.320%
Blended rate5.830%6.508%7.560%
1st payment$1,525.10$1,525.10$1,947.45
2nd payment$0.00$331.91$0.00
Taxes / mo$181.80$181.80$181.80
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,058.60$2,390.51$2,335.94
Cash to close$49,291$15,750$31,500